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In today’s precious metals news, we look at Rhodium (a precious metal that is selling for ten times more than gold) and why you should consider adding it to your portfolio. We also look at China’s rebounding gold imports, and six reasons why gold demand has plunged in India. And we found one article that’s very excited about the “precious metals bull market” shaping up now.
Let’s dig in…

Commentary
Why Rhodium May Turn Out to Be the Best Investment of All Precious Metals
Northam CEO Paul Dunne was speaking last Friday at the JSE-listed company’s presentation of outstanding results, where he reported a record financial year in the 12 months to June 30, despite the COVID-19 pandemic. One thing he said that is grabbing the attention of investors has to do with Rhodium. Dunne pointed out that this precious metal was in high demand and in short supply, and he spoke on how Rhodium would continue to be the one and only solution for the control of nitrous oxides (NOx). Almost 90 percent of the world’s rhodium supply is extracted from the upper group two (UG2) orebodies, and those are found within South Africa’s Bushveld Complex. Rhodium is now several times more costly than gold. After suffering some loss during the coronavirus pandemic, rhodium is now trading at $12,200/oz. “We see sales of 82 million units in calendar year 2021…
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International
China’s Gold Imports Went Up in July
Hong Kong has seen a politically tumultuous year, but it remains a hub for China’s gold imports, as the net gold imports into China through Hong Kong ticked up again in July as it did in June, although the amount was still significantly lower than the same time last year, according to data revealed last Wednesday. China maintains its rank as the world’s top gold consumer by net importing 1.4 tons in July, and 0.87 tons in June as the global fight against the coronavirus was disrupting much of the global economy. These figures came from data revealed by the Hong Kong Census and Statistics Department. Net imports remained much lower than last year—82 percent lower, in fact. China’s total imports of gold via Hong Kong declined by…
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Stock Market
Which Investment is Better—Stocks or Gold?
Warren Buffet took a look at the comparison between a $10,000 investment made in 1942 in the S&P 500 and in gold. With the stock market investment, that $10,000 investment turned into $51 million. The same investment in gold grew… READ MORE ([link removed])
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International
6 Reasons Why Gold Demand Dramatically Dropped in India
Gold brought in 25 percent returns to its investors in the first 6 months of 2020. The yellow metal has its share of lovers and haters in India. Many in the country still see gold as the go-to investment asset. The reasons for the unabashed love were disappointing returns with other investment assets and probably a lack of hope for a quick coronavirus vaccine. With the festive season around, let’s take a look at six reasons why the gold demand has gone down in India in 2020:

SEE THE SIX REASONS FOR THE DROP IN GOLD DEMAND IN INDIA ([link removed])

Commentary
Has Gold Ceased to Be a Safe-Haven Asset?
This free PDF is written by Jiao Jinpu, Chairman of the Shanghai Gold Exchange. He begins by saying: “In mid-March, gold appeared to have lost its safe-haven status as the gold price tumbled due to the combined effects of a number of factors, including the global stock market rout, the highly synchronized price movement between gold and commodities, the magnified role of a strong dollar and the oil price crash. However, in the long run, gold is still a sought-after safe-haven asset and will continue to shine as a portfolio diversifier given the massive and unprecedented monetary and fiscal stimulus measures launched by central banks and governments worldwide to combat the economic damage generated by the virus. So, is gold still a safe-haven asset?” GET THE FULL REPORT HERE
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Stock Market
Will You Jump on the New Precious Metals Bull Market?
In this article, the Seeking Alpha blog looks at the rise of mining stocks—the precious metals mining industry has been one of the greatest benefactors from the monetary and fiscal indulgence of U.S. equities trading. The lack of investment in exploration and new gold and silver discoveries has set up an incredibly bullish scenario for metals. READ MORE ([link removed])
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Thanks,
Gold Silver Central

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